Central Board of Direct Taxes (CBDT) on 24th April 2021 has issued a press release whereby the Government has extended certain timelines in light of the tremendous increase in the COVID-19 cases in India.
The government of India has recently extended the various statutory timelines to 30th April 2021 through various notifications and under the Direct Tax Vivad se Vishwas Act 2020, due to an increase in COVID cases across the country and on the requests received from the tax consultants, taxpayers, and other stakeholders.
Today the Government has further extended certain timelines considering the massive increase in COVID cases throughout the country.
|Particulars||Previously Extended Due Date||New Extended Due Date|
|Time limit for passing of any order for assessment or reassessment under the Income-tax Act, 1961(hereinafter called ‘the Act’ ) the time limit for which is provided under section 153 or section 153B thereof||30th April 2021||30th June 2021|
|Time limit for passing an order consequent to direction of DRP under subsection (13) of section 144C of the Act||30th April 2021||30th June 2021|
|Time limit for issuance of notice under section 148 of the Act for reopening the assessment where income has escaped assessment||30th April 2021||30th June 2021|
|Time Limit for sending intimation of processing of Equalisation Levy under sub-section (1) of section 168 of the Finance Act 2016||30th April 2021||30th June 2021|
Further, the time for making the payment under the Direct Tax Vivad se Vishwas Act 2020 without an additional amount shall be further extended to 30th June 2021.